First update on MAS’s coal plant retirement initiative since COP28

SINGAPORE: In a significant development, the Philippines-based Acen Corporation and The Rockefeller Foundation announced on April 17 that the first Coal to Clean Credit Initiative pilot project being considered in the Philippines could prevent up to 19 million tonnes of carbon dioxide emissions.

Acen Corporation, which divested from the 246-megawatt SLTEC in 2022, is spearheading efforts to coordinate the plant’s early closure in collaboration with its owners. Acen, a subsidiary of the Ayala Group, is leading the charge in renewable energy development across key markets in the Philippines, Australia, Vietnam, India, and Indonesia. The company is focused on expanding solar and wind power capacities, with a recognition of the need for battery storage integration.We’re going to be building potentially 1,000MW of solar and 250MW of wind . The missing piece, though, is that if we did that, if we stopped there, we would put a lot of strain on the grid.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Double debut: Musician weish pens first musical and actor Isabella Chiam co-writes first monodramaThe two April plays are staged by Checkpoint Theatre and The Theatre Practice.
Source: The Straits Times - 🏆 8. / 63 Read more »

Korban registration opens in S’pore, with 3 types of livestock available for the first timeSlots for services are on first-come, first-served basis, with registration closing on June 8.
Source: STForeignDesk - 🏆 4. / 71 Read more »

'Mass casualty' event in Baltimore after major bridge struck by Singapore-flagged shipUp to 20 people are feared to be in the water, says the Baltimore Fire Department.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Commentary: As Australia reels from Bondi attack, such mass murder incidents remain rareCases of mass murder are so shocking in part because they are relatively rare in Australia, says Bond University's Terry Goldsworthy.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Mass Stabbing at Sydney Shopping MallA mass stabbing incident occurred at the Westfield Bondi Junction shopping mall in Sydney, leaving six dead and eight injured. The motive of the attacker is still unknown.
Source: straits_times - 🏆 5. / 69 Read more »

Mass Exodus as Indonesians Travel Home for Eid al-FitrMillions of Indonesians are travelling to their hometowns to celebrate the Islamic holiday of Eid al-Fitr, resulting in long traffic jams.
Source: The Straits Times - 🏆 8. / 63 Read more »